Is this engine builder nuts?

Ok so a new option just opened up for me...found an engine builder a few hours away that will sell me a LA 318 9:1 long block with ported heads and bigger valves, ground crank, tanked block, mild lope cam, etc. he claims 310-340 hp and 300lb of torque, for $2999. I bring him my core 318. I figure another $1000 for an intake, carb, distributor, etc. then obviously I do the install myself, which doesn't scare me. I know you guys prefer the 360, but I can't find an off the shelf long block 360 at that price. I'll keep looking at 360s but this is an interesting option
Get an exact list of parts inside before going any further, like piston numbers, cam models, head casting numbers, valve springs. etc., and share that info. I'd be reeeally careful on this one... lots of potential for crap parts and junk, and too easy to makes untrue claims on HP/torque. Read up on the recent thread by 496 Polara on his bargain $1000 crate motor heads....